Evercore ISI's head of technical analysis believes that both the Nasdaq 100 and S & P 500 appear poised to hit record highs in Quarter 1. Click to view...
Evercore ISI said market fears of a rate cut by the Federal Reserve, which aims to keep inflation under control while maintaining a strong labour market, were exaggerated, with a cut in November all but certain and a strong possibility in December.
Ed Hyman of Evercore ISI, one of Wall Street's most closely watched and respected economists, expects the Fed to cut interest rates by 50 basis points on Wednesday and eventually achieve a soft landing. "I would be shocked if they don't cut rates by 50 basis points tomorrow," Hyman, founder and chairperson of Evercore ISI, said in an interview. Hyman's turnaround comes at a critical time for the U.S. economy and financial marekt. The Fed is widely expected to open...